Hyundai Motor on Thursday posted its fifth consecutive drop in quarterly profit after South Korea`s biggest automaker boosted sales incentives in the United States and weaker overseas currencies put a drag on offshore revenue.
Swedish commercial vehicles major Volvo plans to invest around Rs 500-700 crore in India in next five years to expand business activities in the country.
Alibaba and WeChat messaging app provider Tencent have both announced plans for cars in the past month.
Online queries for used cars grew 30 percent in 2014 and has jumped 20 times in the last six years, with utility vehicles being the most sought after among used ones, technology giant Google said Tuesday.
The owners of the first Maruti 800, which rolled out in 1983, have called for the car to be restored.
The Ford Motor Company unveiled Friday a $2.5 billion investment for engine and transmission plants in Mexico, the second major project announced in the country by a foreign auto power this week.
In a bid to curb rising domestic labour costs, Hyundai Motor Co is seeking to base wages on merit not seniority in an overhaul of a decades-old salary system that puts the South Korean firm on a collision course with its activist union.
Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year - the first car to be built using a common platform jointly developed with Volvo.
Bajaj said the company can become a global leader in the segment only if it narrows focus as far as products are concerned.
Tata Motors has made automotive history in Britain with the launch of Jaguar's newest model XE.
Amul Group will be the majority stake holder with 60 percent and the rest will be held by Escorts in the joint venture firm.
Japanese motorcycle major Suzuki will focus on niche segment bikes of 150 cc and above in India, targeting young customers, as it chases over 30 per cent rise in sales at 5 lakh units in the current fiscal.
Bajaj Auto on Monday reported a 22 per cent fall in motorcycle sales at 2,09,937 units in March as compared with 2,70,578 units the same month in 2014.
99 percent of the trip was done with the car in automated mode.
"In FY14-15 we established presence in 1.25 lakh villages. Target going forward will be to enhance presence in 1.5 lakh villages," Maruti Suzuki India (MSI) Executive Director, Marketing & Sales, RS Kalsi told PTI.
In 2014, Audi retained the top slot in the Indian luxury car market.
The company will launch the new Audi TT model in India this month.
South Korean automaker Ssangyong Motor, owned by India`s Mahindra and Mahindra, aims to nearly triple its Europe sales this year.